Bankruptcy in Bergen County: Could Filing Be Right For You?
Are creditors calling you non-stop and sending threatening letters regarding unpaid bills? Being behind on your payments can be stressful and scary. You may feel hopeless and unsure of what to do. If this is the situation you find yourself in, filing for bankruptcy may be the right choice for you.
What is Bankruptcy?
While there are different types of bankruptcy, the general idea is that a person or business is relieved from all or part of their debt obligations. In some instances, you are not required to pay back debts at all and in others, debt restructuring happens so you can get back on track and pay your secured debts down. The court will ultimately decide on your case and the specific terms.
Bankruptcy In Bergen County
Bergen County is the most populated county in New Jersey with its 936,692 residents. These residents live in different municipalities within Bergen County. Some of the largest municipalities include:
The population is diverse with a wide variety of races, religions, and ethnic backgrounds. The median household income is well above the national average and people are generally well educated.
However, just because someone is a high earner, doesn’t mean they will not ever need to file bankruptcy. Even people who earn a substantial income go through hard times in life. This may be due to a job loss, a death in the family, health problems, and many other instances. In 2018 alone 2,022 individuals and 82 businesses filed for bankruptcy in Bergen County, with the majority of those being Chapter 7.
Filing for bankruptcy is a difficult decision, but one that could relieve your financial burdens and stresses. Having knowledgeable representation during your bankruptcy at the New Jersey Bankruptcy Court in Newark is important to get the outcome you desire.
At the Silverberg Law Firm, we have an office in Bergen County, NJ at 550 Kinderkamack Road, Oradell, NJ 07649 and our practice is limited to bankruptcy cases. As bankruptcy attorneys, we understand what you are going through and want to help you get relief from your debt. Contact us today for a consultation to see exactly how we can help you with your bankruptcy court case.
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